After 9/11, why were many investors unwilling to engage in new construction in New York City?

Question

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After 9/11, investors were hesitant to engage in new construction in New York City due to uncertainties surrounding the demand for new offices. The terrorist attack had created an environment of fear and uncertainty, making it difficult for investors to gauge the need for new office space. Furthermore, the attack had also caused significant damage to existing office buildings, which further reduced the demand for new construction. As a result, many investors were hesitant to invest in new construction projects, leading to a slowdown in the construction industry in New York City.

After 9/11, Why Were Many Investors Unwilling to Engage in New